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Gold/Mining/Energy : Bombardier, maker of planes and trains and other things

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To: Gilbert Drapeau who wrote (1001)6/5/2002 11:24:15 AM
From: Gilbert Drapeau  Read Replies (1) of 1177
 
Bombardier Wins $157-Million Order for Low-Floor Trams in
Germany

MONTREAL, QUEBEC--JUNE 5, 2002 - 10:14 EDT
Bombardier Transportation has received an order
to manufacture 60 low-floor trams, type LF2000, for the city of
Frankfurt/Main, Germany. The contract, which is valued at
approximately $157 million CDN (109 million euros), carries an
option for eleven additional vehicles. The order is the first one
awarded to Bombardier Transportation by the Transport Authority of
Frankfurt (VGF). The modern 70% low-floor vehicles are scheduled
for delivery between spring 2004 and spring 2007.

Bombardier Transportation's site in Bautzen, Germany is
responsible for the development and production of the vehicles, as
well as for the system integration. The German site in Mannheim
will supply the electrical components.

Dr. Hubert C. Dlaska, President Light Rail Vehicles, Bombardier
Transportation, said: "With the LF2000 tram, VGF chose a proven
concept of an already very successfully operating vehicle. We are
looking forward to co-operating with such a competent and
experienced partner."

The new tram for Frankfurt is 30 meters long and 2.40 meters wide
- five centimetres wider than the vehicles currently in service.
It has a capacity of 179 passengers, including 64 seated. The
vehicles are based on tested components of the LF2000 family,
which has already proven to be a success in the cities of Kassel,
Essen and Schwerin, Germany as well as Krakow, Poland. The German
cities of Dresden and Halle will soon take delivery of the same
type of vehicles. With its innovative design, the Bombardier tram
is sure to set a visual highlight in the local transport of the
banking centre Frankfurt.

Bombardier Transportation is the global leader in the rail
equipment manufacturing and servicing industry. Its wide range of
products includes passenger rail cars and complete rail
transportation systems. It also manufactures locomotives, freight
cars, propulsion & controls and provides rail control systems.

Bombardier Inc., a diversified manufacturing and services company,
is a world leading manufacturer of business jets, regional
aircraft, rail transportation equipment and motorized recreational
products. It also provides financial services and asset management
in business areas aligned with its core expertise. Headquartered
in Montreal, Canada, the Corporation has a workforce of some
80,000 people in 24 countries throughout the Americas, Europe and
Asia-Pacific. Its revenues for the fiscal year ended Jan. 31, 2002
stood at $21.6 billion Cdn. Bombardier trades on the Toronto,
Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F).

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